Thursday Newspapers: Controversy in the Center, Decision to Build Bridges and Debt Ceiling | Yle Uutiset
The Center Party became embroiled in controversy on Wednesday when party MPs held a summer meeting in Seinäjoki, Ostrobothnia.
The new president of the group, Oulu MP Juha Pylväs, addressed his people with a speech mainly focused on traditional Center Party themes – focusing on Finnish issues rather than international issues, and a supposed conflict between action on climate change and good -be economic people.
It was the line on immigration that sparked controversy on social networks and newspapers.
“Yes, we need people who can make ends meet with their own work in Finland,” said Pylväs. “The parasitic surfers of the standard of living who live on social benefits, on the other hand, we do not need them.”
This kind of language is generally not associated with the Center, an agrarian political force which is often the party of the settlement in small rural towns of Finland.
He was immediately criticized on Twitter by one of his own MPs, Hanna kosonen, and the leader of the Youth Center, Hanna Markkanen. The party leader Annika saarikko told reporters that Pylväs was responsible for his own words.
Ilta-Sanomat was present and demand Pylväs for clarification, but he didn’t back down, saying sometimes rhetoric needed to be added.
HS too demand for more details, and Pylväs developed the theme. In his opinion, the refugee quota system is good, because Finland “knows who is coming”, while the asylum system is not, because people apply for asylum once they arrive in the country.
It somewhat eclipsed that of Saarikko speech, which spoke about climate action and rural issues.
The party is still struggling to win back support, as shown a survey at Helsingin Sanomat. This suggests that support for the Finnish Party is down to 17.9%, but it is still almost five percentage points higher than the Center Party.
Approval of the tram bridge
The Tampere tram system was completed this year on budget and ahead of schedule, but a Helsinki project has not been as effective.
The Crown Bridges (Kruunusilta) between Laajasalo and Hakaniemi were originally supposed to cost 255 million euros, but that amount has now grown to 326 million euros.
Helsingin Sanomat reports that the new cost base was approved at a Helsinki city council meeting on Wednesday evening, with councilors voting 71 to 8 to spend the extra money.
The 10 km bridge is expected to be the longest in Finland and should be ready by 2026. It was originally controversial, as it has tram tracks and space for cyclists, but no roads for cyclists. private cars.
Action on solidarity loans from housing companies
Talouselämä financial paper reports Thursday that the finance ministry is preparing action to change a problematic aspect of the Finnish housing market, according to a policy document obtained by Talouselämä.
Finnish economists have long been concerned about increasing household debt, and a key driver of this increase has been debt jointly held by housing companies.
Much of Finnish real estate is owned through these housing companies, with some share entitling the owner to use an apartment in the building or a house owned by the company.
When repairs are necessary, all shareholders take out a joint loan, each assuming their share of the debt.
It works well for renovations, but in recent years new developments have been sold with large housing company debt attached. This helps those who might otherwise have a hard time getting a mortgage to pay off the properties.
It is also good for investors, who enjoy certain tax advantages when the debt is jointly held by the company, and some new buildings are now sold with 70 or even 80% of the purchase price as the debt of the company. housing.
This means that individual buyers only need a small fraction of the purchase price, in cash or in mortgage debt, to purchase the property.
Putting more of the purchase price in a joint debt, as opposed to a mortgage, is good for them, but increases the risk for everyone: if someone doesn’t pay their company’s loan back. housing, the housing company must pay the debt. It is not a risk with individual mortgages.
According to Talouselämä, the ministry wants to limit the debt of housing companies on newly built properties to 60% of the purchase price.
The ministry also wants an overall individual “debt ceiling” of 500 percent of a person’s gross income, and to limit maximum mortgage repayment periods to 25 years (although Finance Minister Saarikko (Cen) would prefer it to be 30).
The paper also examines the transfer of the regulation of payday loan companies to the Financial Supervisory Authority (Fiva). They are currently regulated by the Regional Administrative Agency of Southern Finland (Avi).